Thursday, July 10, 2014

Boeing released a bullish 20-year forecast for jetliner demand, saying on Thursday that the world will need 36,770 new planes worth $5.2 trillion by 2033. The company's annual projection is up 4.2 percent from its 2013 forecast, and it predicted beating rival Airbus Group in the lucrative market for twin-aisle planes as the planes are built and delivered over the next two decades. (Source: Reuters, 07/10/14) Gulf Coast note: Airbus is building an A320 final assembly line in Mobile, Ala.